A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etc
The presidential candidate of the Young Progressive Party (YPP) and former deputy governor of the Central Bank of Nigeria (CBN), Professor Kingsley Moghalu has expressed his dismay at the rising rate of poverty in Nigeria, saying that the issue will have devastating consequences on the global community if not addressed.
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As reported, the economy, in the fourth quarter, Q4, of last year grew at 1.92 per cent compared to 1.4 in the third quarter, Q3, of the same year and -1.73 in Q4 of 2016. There is certainly some progress, but 0.82 for 2017 is far from the full-year result in 2014 and even 2015. In reality, any growth less than one per cent is not regarded as growth at all.
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